TVS Motor Company Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Excellent return on equity (ROE 33.6%)
- ✓Efficient capital deployment (ROCE 17.4%)
Concerns
- ✗High premium to book value (P/B 19.5x)
- ✗Heavy debt load (D/E 3.4x)
- ✗Trading near 52-week high (₹3,970)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| MARUTI Maruti Suzuki India Limited | ₹13,545 | ₹4.3L Cr | 29.6 | 3.97 | 14.4 | 19 | 0 |
| M&M Mahindra & Mahindra Limited | ₹3,173 | ₹4.0L Cr | 22.9 | 4.24 | 20.3 | 15.1 | 1.53 |
| BAJAJ-AUTO Bajaj Auto Limited | ₹11,019 | ₹2.9L Cr | 26.6 | 7.93 | 29.2 | 28.2 | 0.58 |
| EICHERMOT Eicher Motors Limited | ₹7,622 | ₹2.1L Cr | 37.4 | 8.33 | 24 | 30.5 | 0.02 |
| HYUNDAI Hyundai Motor India Limited | ₹1,949 | ₹1.6L Cr | 29.8 | 7.92 | 29.9 | 38.4 | 0.05 |
| MOTHERSON Samvardhana Motherson International Limited | ₹144 | ₹1.5L Cr | 35.7 | 3.7 | 11.2 | 13.4 | 0.53 |
| TMPV Tata Motors Passenger Vehicles Limited | ₹328 | ₹1.2L Cr | 1.43 | 1.08 | 75.7 | 2.73 | 0.61 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
TVSMOTOR · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 50.27% | 50.27% | 50.27% | 50.27% | 50.27% | 50.27% |
| FII | 19.27% | 20.83% | 21.05% | 22.33% | 21.20% | 21.48% |
| DII | 21.79% | 20.26% | 20.13% | 19.02% | 19.99% | 19.73% |
| Public | 8.68% | 8.64% | 8.56% | 8.33% | 8.45% | 8.45% |
| Others | — | — | — | 0.07% | 0.07% | 0.07% |
Corporate Events
TVS Motor Company Limited has informed the Exchange about Board Meeting to be held on 21st July 2026 to consider and approve the financial results for the period ended Jun 30, 2026 and Fund Raising
To consider and approve inter alia, annual audited financial results for the year ended 31st March 2026 (Standalone and Consolidated)
Interim Dividend - Rs 12 Per Share
Record: 30 Mar 2026
Scheme Of Arrangement - Bonus Ncrps 4:1
Interim Dividend - Rs 10 Per Share
Interim Dividend - Rs 8 Per Share
Latest News
All news →TVS Motor launches new Callisto 110 scooter in Jakarta
*TVS Motor launches new Callisto 110 scooter in Jakarta* — TVS Motor Company has launched the all-new Callisto 110 in Jakarta, targeting urban commuters with enhanced comfort and modern design. The launch marks a strategic expansion in the Indonesian market. **No price or volume figures** were disclosed in the press release. 📊 *STOCKS:* TVSMOTOR | 🏢 *SECTOR:* Auto | #MEDIUMIMPACT #ProductLaunch
TVS Motor rolls out one millionth iQube EV
*TVS Motor rolls out one millionth iQube EV* — TVS Motor celebrated the production of its one millionth iQube electric scooter, marking a key milestone in India’s EV adoption. The achievement underscores the company’s growing influence in the electric two-wheeler segment. 📊 *STOCKS:* TVSMOTOR | 🏢 *SECTOR:* Auto | #MEDIUMIMPACT #EV
TVS Motor files general updates under SEBI norms
*TVS Motor files general updates under SEBI norms* as per Schedule III of LODR Regulations. The filing is a routine compliance disclosure with no specific financial or operational details revealed. Such updates are standard and do not indicate immediate business changes. 📊 *STOCKS:* TVSMOTOR | 🏢 *SECTOR:* Auto | #LOWIMPACT #corporate
TVS Motor to hold shareholder meeting on July 22, 2026
*TVS Motor to hold shareholder meeting on July 22, 2026.* The event is a routine corporate disclosure per regulatory requirements. No immediate financial or operational changes announced. Investors may anticipate updates on dividends or strategic direction during the meeting. 📊 *STOCKS:* TVSMOTOR | 🏢 *SECTOR:* Auto | #LOWIMPACT #ShareholderMeeting
TVS Motor releases ESG report for FY25-26
*TVS Motor releases ESG report for FY25-26.* The company filed its Responsibility and Sustainability Report for FY25-26, outlining ESG initiatives and long-term sustainability goals. No financial figures or operational updates were disclosed. The report emphasizes environmental stewardship and corporate responsibility. 📊 *STOCKS:* TVSMOTOR | 🏢 *SECTOR:* Auto | #LOWIMPACT #ESG
TVS Motor profit up 41.8%, plans ₹1,900 crore capex
*TVS Motor profit rises 41.8% in FY26, driven by strong sales and cost optimization.* The company plans a capex of **₹1,900 crore** to expand capacity and boost electric vehicle infrastructure. This investment aims to strengthen its long-term market position amid rising competition. 📊 *STOCKS:* TVSMOTOR | 🏢 *SECTOR:* Auto | #MEDIUMIMPACT #Earnings
TVS Motor Chairman optimistic on India GDP growth above 6% in FY27
*'Cautiously Optimistic’ on FY27 as India GDP Seen Growing Above 6%: TVS Motor Chairman* TVS Motor's Chairman expressed cautious optimism about India's economic outlook, expecting GDP growth above **6%** in FY27. This sentiment reflects improving macroeconomic conditions beneficial for the auto sector. Rural demand and export performance could drive volume growth. 📊 *STOCKS:* TVSMOTOR | 🏢 *SECTOR:* Auto | #LOWIMPACT #GDP
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹14.8K Cr ▲5.0% | ₹14.1K Cr ▲15.1% | ₹12.2K Cr ▲5.8% | ₹11.5K Cr ▲4.6% | ₹11.0K Cr ▼2.4% | ₹11.3K Cr ▲9.6% | ₹10.3K Cr ▲3.7% | ₹9.9K Cr |
| Op. Profit | ₹2.3K Cr ▲7.4% | ₹2.1K Cr ▲17.0% | ₹1.8K Cr ▼5.3% | ₹1.9K Cr ▲16.6% | ₹1.6K Cr ▲0.6% | ₹1.6K Cr ▲13.5% | ₹1.4K Cr ▼1.6% | ₹1.5K Cr |
| OPM | 15.0% ▲0.0% | 15.0% ▲0.0% | 15.0% ▼6.3% | 16.0% ▲6.7% | 15.0% ▲7.1% | 14.0% ▲0.0% | 14.0% ▼6.7% | 15.0% |
| Net Profit | ₹891 Cr ▲7.0% | ₹833 Cr ▲29.5% | ₹643 Cr ▼7.9% | ₹698 Cr ▲14.6% | ₹609 Cr ▲3.6% | ₹588 Cr ▲21.2% | ₹485 Cr ▲17.7% | ₹412 Cr |
| EPS (₹) | 17.71 ▲5.8% | 16.74 ▲30.4% | 12.84 ▼5.9% | 13.64 ▲14.5% | 11.91 ▲0.9% | 11.8 ▲21.6% | 9.7 ▲19.0% | 8.15 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹56.1K Cr ▲27.2% | ₹44.1K Cr ▲13.7% | ₹38.8K Cr ▲21.3% | ₹32.0K Cr ▲31.3% | ₹24.4K Cr ▲25.4% | ₹19.4K Cr ▲3.0% | ₹18.8K Cr ▼6.5% | ₹20.2K Cr ▲23.4% | ₹16.3K Cr ▲31.1% | ₹12.5K Cr |
| Expenses | ₹47.7K Cr ▲27.2% | ₹37.5K Cr ▲12.5% | ₹33.3K Cr ▲19.3% | ₹27.9K Cr ▲29.4% | ₹21.6K Cr ▲25.7% | ₹17.2K Cr ▲3.6% | ₹16.6K Cr ▼7.8% | ₹18.0K Cr ▲21.9% | ₹14.8K Cr ▲27.4% | ₹11.6K Cr |
| Op. Profit | ₹8.4K Cr ▲26.8% | ₹6.6K Cr ▲21.2% | ₹5.4K Cr ▲35.0% | ₹4.0K Cr ▲46.2% | ₹2.8K Cr ▲23.4% | ₹2.2K Cr ▼1.4% | ₹2.3K Cr ▲4.7% | ₹2.2K Cr ▲37.7% | ₹1.6K Cr ▲80.4% | ₹871 Cr |
| OPM | 15.0% ▲0.0% | 15.0% ▲7.1% | 14.0% ▲7.7% | 13.0% ▲18.2% | 11.0% ▲0.0% | 11.0% ▼8.3% | 12.0% ▲9.1% | 11.0% ▲10.0% | 10.0% ▲42.9% | 7.0% |
| Other Income | ₹-28 Cr ▼132.6% | ₹86 Cr ▼34.4% | ₹131 Cr ▼3.7% | ₹136 Cr ▲2820.0% | ₹-5 Cr ▼113.9% | ₹36 Cr ▲200.0% | ₹12 Cr ▼52.0% | ₹25 Cr ▼64.8% | ₹71 Cr ▼56.4% | ₹163 Cr |
| Interest | ₹2.2K Cr ▲6.5% | ₹2.1K Cr ▲9.2% | ₹1.9K Cr ▲40.1% | ₹1.4K Cr ▲45.5% | ₹940 Cr ▲6.7% | ₹881 Cr ▲3.0% | ₹855 Cr ▲29.0% | ₹663 Cr ▲96.2% | ₹338 Cr ▲463.3% | ₹60 Cr |
| Depreciation | ₹1.3K Cr ▲21.7% | ₹1.0K Cr ▲9.4% | ₹956 Cr ▲11.3% | ₹859 Cr ▲15.6% | ₹743 Cr ▲31.5% | ₹565 Cr ▲1.6% | ₹556 Cr ▲25.8% | ₹442 Cr ▲18.2% | ₹374 Cr ▲18.0% | ₹317 Cr |
| PBT | ₹4.8K Cr ▲36.4% | ₹3.5K Cr ▲31.3% | ₹2.7K Cr ▲39.1% | ₹1.9K Cr ▲81.4% | ₹1.1K Cr ▲29.8% | ₹822 Cr ▼5.0% | ₹865 Cr ▼20.1% | ₹1.1K Cr ▲16.3% | ₹931 Cr ▲41.5% | ₹658 Cr |
| Tax % | 34.0% ▲3.0% | 33.0% ▼2.9% | 34.0% ▲6.3% | 32.0% ▲3.2% | 31.0% ▲19.2% | 26.0% ▲4.0% | 25.0% ▼24.2% | 33.0% ▲13.8% | 29.0% ▲26.1% | 23.0% |
| Net Profit | ₹3.2K Cr ▲33.9% | ₹2.4K Cr ▲33.8% | ₹1.8K Cr ▲35.9% | ₹1.3K Cr ▲79.1% | ₹731 Cr ▲20.2% | ₹608 Cr ▼6.0% | ₹647 Cr ▼10.8% | ₹725 Cr ▲9.0% | ₹665 Cr ▲30.6% | ₹509 Cr |
| EPS (₹) | 63.53 ▲35.0% | 47.06 ▲32.6% | 35.5 ▲26.9% | 27.97 ▲75.6% | 15.93 ▲27.3% | 12.51 ▼4.9% | 13.15 ▼11.3% | 14.83 ▲8.0% | 13.73 ▲27.6% | 10.76 |
| Div Payout | 19.0% ▼9.5% | 21.0% ▼8.7% | 23.0% ▲27.8% | 18.0% ▼25.0% | 24.0% ▼14.3% | 28.0% ▲3.7% | 27.0% ▲12.5% | 24.0% ▲0.0% | 24.0% ▲4.3% | 23.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹48 Cr ▲0.0% | ₹48 Cr ▲0.0% | ₹48 Cr ▲0.0% | ₹48 Cr ▲0.0% | ₹48 Cr ▲0.0% | ₹48 Cr ▲0.0% | ₹48 Cr ▲0.0% | ₹48 Cr ▲0.0% | ₹48 Cr ▲0.0% | ₹48 Cr |
| Reserves | ₹8.1K Cr ▼4.6% | ₹8.5K Cr ▲25.5% | ₹6.7K Cr ▲23.4% | ₹5.5K Cr ▲25.4% | ₹4.4K Cr ▲15.2% | ₹3.8K Cr ▲16.8% | ₹3.2K Cr ▲3.6% | ₹3.1K Cr ▲18.7% | ₹2.6K Cr ▲21.3% | ₹2.2K Cr |
| Borrowings | ₹31.6K Cr ▲10.4% | ₹28.6K Cr ▲10.0% | ₹26.0K Cr ▲16.2% | ₹22.4K Cr ▲41.4% | ₹15.8K Cr ▲30.0% | ₹12.2K Cr ▲5.1% | ₹11.6K Cr ▲24.7% | ₹9.3K Cr ▲34.2% | ₹6.9K Cr ▲428.5% | ₹1.3K Cr |
| Other Liabilities | ₹12.2K Cr ▲16.0% | ₹10.5K Cr ▲14.1% | ₹9.2K Cr ▲29.3% | ₹7.1K Cr ▲6.8% | ₹6.7K Cr ▲14.2% | ₹5.9K Cr ▲33.2% | ₹4.4K Cr ▲4.0% | ₹4.2K Cr ▲17.9% | ₹3.6K Cr ▲37.9% | ₹2.6K Cr |
| Total Liabilities | ₹51.9K Cr ▲9.0% | ₹47.7K Cr ▲13.4% | ₹42.0K Cr ▲20.0% | ₹35.0K Cr ▲30.1% | ₹26.9K Cr ▲23.1% | ₹21.9K Cr ▲13.5% | ₹19.3K Cr ▲15.4% | ₹16.7K Cr ▲26.6% | ₹13.2K Cr ▲115.2% | ₹6.1K Cr |
| Assets | ||||||||||
| Fixed Assets | ₹9.1K Cr ▲19.7% | ₹7.6K Cr ▲29.8% | ₹5.9K Cr ▲2.5% | ₹5.7K Cr ▼3.8% | ₹6.0K Cr ▲41.6% | ₹4.2K Cr ▲10.8% | ₹3.8K Cr ▲13.2% | ₹3.4K Cr ▲8.8% | ₹3.1K Cr ▲31.0% | ₹2.4K Cr |
| CWIP | ₹701 Cr ▼52.2% | ₹1.5K Cr ▲41.8% | ₹1.0K Cr ▲39.0% | ₹743 Cr ▲34.6% | ₹552 Cr ▼47.0% | ₹1.0K Cr ▲3.5% | ₹1.0K Cr ▲35.0% | ₹745 Cr ▲138.0% | ₹313 Cr ▲389.1% | ₹64 Cr |
| Investments | ₹1.3K Cr ▲5.5% | ₹1.2K Cr ▲11.0% | ₹1.1K Cr ▲16.1% | ₹967 Cr ▲59.8% | ₹605 Cr ▲29.3% | ₹468 Cr ▲26.1% | ₹371 Cr ▼15.7% | ₹440 Cr ▲4.5% | ₹421 Cr ▼63.5% | ₹1.2K Cr |
| Other Assets | ₹40.8K Cr ▲9.3% | ₹37.3K Cr ▲9.8% | ₹34.0K Cr ▲23.3% | ₹27.6K Cr ▲39.3% | ₹19.8K Cr ▲22.6% | ₹16.1K Cr ▲14.6% | ₹14.1K Cr ▲16.0% | ₹12.1K Cr ▲29.7% | ₹9.4K Cr ▲267.6% | ₹2.5K Cr |
| Total Assets | ₹51.9K Cr ▲9.0% | ₹47.7K Cr ▲13.4% | ₹42.0K Cr ▲20.0% | ₹35.0K Cr ▲30.1% | ₹26.9K Cr ▲23.1% | ₹21.9K Cr ▲13.5% | ₹19.3K Cr ▲15.4% | ₹16.7K Cr ▲26.6% | ₹13.2K Cr ▲115.2% | ₹6.1K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹3.5K Cr ▲379.6% | ₹-1.3K Cr ▲71.6% | ₹-4.4K Cr ▼179.7% | ₹-1.6K Cr ▼236.8% | ₹1.2K Cr ▲208.6% | ₹373 Cr ▲140.6% | ₹-918 Cr ▼359.3% | ₹354 Cr ▼48.6% | ₹689 Cr ▼26.4% | ₹936 Cr |
| Investing CF | ₹-2.9K Cr ▼95.7% | ₹-1.5K Cr ▼13.2% | ₹-1.3K Cr ▲11.1% | ₹-1.5K Cr ▼66.8% | ₹-882 Cr ▲19.1% | ₹-1.1K Cr ▲1.3% | ₹-1.1K Cr ▼0.8% | ₹-1.1K Cr ▼54.4% | ₹-709 Cr ▼17.2% | ₹-605 Cr |
| Financing CF | ₹1.2K Cr ▼64.3% | ₹3.2K Cr ▼47.1% | ₹6.1K Cr ▲109.7% | ₹2.9K Cr ▲1005.3% | ₹264 Cr ▼83.7% | ₹1.6K Cr ▼26.7% | ₹2.2K Cr ▲146.4% | ₹897 Cr ▲1620.3% | ₹-59 Cr ▲81.5% | ₹-319 Cr |
| Net Cash Flow | ₹1.8K Cr ▲248.3% | ₹505 Cr ▲24.4% | ₹406 Cr ▲417.2% | ₹-128 Cr ▼124.1% | ₹532 Cr ▼41.0% | ₹902 Cr ▲379.8% | ₹188 Cr ▲20.5% | ₹156 Cr ▲297.5% | ₹-79 Cr ▼758.3% | ₹12 Cr |
| Free Cash Flow | ₹1.0K Cr ▲144.2% | ₹-2.4K Cr ▲58.7% | ₹-5.7K Cr ▼126.2% | ₹-2.5K Cr ▼1215.0% | ₹227 Cr ▲136.8% | ₹-617 Cr ▲69.9% | ₹-2.0K Cr ▼181.7% | ₹-727 Cr ▼1218.5% | ₹65 Cr ▼84.7% | ₹424 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 14d ▼17.6% | 17d ▲21.4% | 14d ▼22.2% | 18d ▼5.3% | 19d ▼32.1% | 28d ▲0.0% | 28d ▲16.7% | 24d ▲14.3% | 21d ▲31.3% | 16d |
| Inventory Days | 33d ▼2.9% | 34d ▲0.0% | 34d ▼8.1% | 37d ▼5.1% | 39d ▲11.4% | 35d ▲2.9% | 34d ▲0.0% | 34d ▼27.7% | 47d ▲17.5% | 40d |
| Days Payable | 103d ▲3.0% | 100d ▲12.4% | 89d ▼15.2% | 105d ▼13.2% | 121d ▲28.7% | 94d ▲13.3% | 83d ▼3.5% | 86d ▲7.5% | 80d ▲8.1% | 74d |
| Cash Conv. Cycle | -56d ▼14.3% | -49d ▼19.5% | -41d ▲18.0% | -50d ▲20.6% | -63d ▼103.2% | -31d ▼47.6% | -21d ▲25.0% | -28d ▼133.3% | -12d ▲33.3% | -18d |
| Working Capital Days | -17d ▲15.0% | -20d ▲59.2% | -49d ▼22.5% | -40d ▼5.3% | -38d ▼40.7% | -27d ▼2600.0% | -1d ▲97.3% | -37d ▼54.2% | -24d ▼20.0% | -20d |
| ROCE | 15.0% ▲0.0% | 15.0% ▲15.4% | 13.0% ▲18.2% | 11.0% ▲0.0% | 11.0% ▼15.4% | 13.0% ▼18.8% | 16.0% ▼15.8% | 19.0% ▼13.6% | 22.0% ▲0.0% | 22.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About TVS Motor Company Limited
TVS Motor Company Ltd (TVSM) is engaged in manufacturing two-wheelers and its accessories; it currently manufactures a wide range of two-wheelers and three-wheelers. [1]
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